One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Regency Centers just hit that mark, with a jump from 80 to 86 Thursday.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks often have an 80 or better RS Rating in the early stages of their moves.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to offer and clear an appropriate buy point.
Earnings growth moved up last quarter from 6% to 7%, but the top line fell from 9% to 4%. The next quarterly results are expected on or around Apr. 29.
Regency Centers holds the No. 23 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Omega Hlthcare Investors and Ventas are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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